MERIT MEDICAL SYSTEMS INC

For the period ended Sep 30, 2024. Filed Oct 30, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 30, 2024

MMSI$87.81-0.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

(In thousands, except per share amounts - unaudited)


· Three Months Ended · Nine Months Ended ·
· · September 30, · · September 30, ·
· 2024 · 2023 · 2024 · 2023 ·
Net sales	$339,845	$315,230	$1,001,356	$932,851
Cost of sales	182,310	173,031	531,006	499,508
Gross profit	157,535	142,199	470,350	433,343

Operating expenses:
Selling, general and administrative	99,644	86,854	288,657	277,925
Research and development	20,527	19,646	62,272	61,089
Impairment charges	—	—	—	270
Contingent consideration expense	103	562	292	2,177
Acquired in-process research and development	—	—	—	1,550
Total operating expenses	120,274	107,062	351,221	343,011

Income from operations	37,261	35,137	119,129	90,332

Other income (expense):
Interest income	6,652	181	21,489	533
Interest expense	(7,501)	(4,841)	(23,226)	(10,534)
Other income (expense) — net	245	(255)	(544)	291
Total other expense — net	(604)	(4,915)	(2,281)	(9,710)

Income before income taxes	36,657	30,222	116,848	80,622

Income tax expense	8,213	4,388	24,438	13,840

Net income	$28,444	$25,834	$92,410	$66,782

Earnings per common share
Basic	$0.49	$0.45	$1.59	$1.16
Diluted	$0.48	$0.44	$1.57	$1.14

Weighted average shares outstanding
Basic	58,231	57,682	58,110	57,525
Diluted	59,537	58,375	58,948	58,345

See condensed notes to consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.